RealKey
‪(213) 433-7766‬

48255 Monroe 15, Indio, California 92201, Indio, 92201 - 1 bed, 1 bath

48255 Monroe 15, Indio, California 92201 home-pic-0
ACTIVE$199,000
48255 Monroe 15, Indio, California 92201
1Bed
1Bath
669Sqft
747Lot
Year Built
1980
Close
-
List price
$199K
Original List price
$199K
Price/Sqft
$297
HOA
$715
Days on market
-
Sold On
-
MLS number
219130330DA
Home ConditionGood
Features
Good View: Pond, Peek-A-Boo
Deck
ViewPond, Peek-A-Boo

About this home

We found 3 Cons,5 Pros. Rank: price - $199.0K(10th), sqft - 669(15th), beds - 1(10th), baths - 1(45th).

Welcome to Quail Lakes - One of the Desert's Best-Kept Secrets! This turnkey, updated 1-bedroom condo offers stunning views of the pond, local wildlife, surrounding mountains, and the sparkling community pool. Perfectly situated in a prime location, it's within walking distance of the world-famous Indio Polo Fields, with shopping, dining, and entertainment just minutes away. One of the best-priced condos in the entire Coachella Valley, this rare gem is also located in one of the few communities approved for FHA financing--making it an excellent opportunity for both first-time buyers and investors. Enjoy resort-style living with access to pools, tennis courts, and a private security gate. The HOA covers all utilities except IID electricity, offering convenience and value. Don't miss this chance to own in one of Indio's most desirable and affordable communities!

Nearby schools

3/10
Mountain Vista Elementary School
Public,•K-6•1.0mi
3/10
Cahuilla Desert Academy Junior High
Public,•7-8•2.0mi
3/10
Coachella Valley High School
Public,•9-12•4.3mi
Condition Rating
Good
Built in 1980, this condo is described as 'turnkey' and 'updated,' which is supported by the images. The kitchen features updated stainless steel lower cabinets and light wood upper cabinets, along with a functional stainless steel sink, though the microwave is a countertop model. The bathroom has an updated light wood vanity, modern faucet, and clean fixtures. Consistent tile flooring throughout the unit, along with light-colored walls, contributes to a well-maintained and move-in ready appearance. While not a brand-new renovation, the updates appear to be within the last 5-15 years, ensuring the property is functional and requires no immediate repairs or major updates, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Turnkey & Updated Condition: The condo is described as 'turnkey' and 'updated,' suggesting it's move-in ready and requires minimal immediate investment for cosmetic improvements.
Exceptional Views: Offers 'stunning views of the pond, local wildlife, surrounding mountains, and the sparkling community pool,' significantly enhancing the property's appeal and living experience.
Strategic Location: Situated in a 'prime location' within walking distance of the Indio Polo Fields and minutes from shopping, dining, and entertainment, providing convenience and access to local attractions.
FHA Approved & Value Pricing: Being 'one of the best-priced condos in the entire Coachella Valley' and 'FHA approved' makes it highly accessible and attractive to first-time buyers and investors.
Resort-Style Amenities & Inclusive HOA: Features 'resort-style living' with pools, tennis courts, and security, complemented by an HOA that covers most utilities, offering convenience and a desirable lifestyle.

Cons

High Monthly HOA Dues: The $715 monthly HOA fee, while inclusive of many utilities, represents a substantial ongoing cost that could impact affordability and buyer interest.
Compact Living Space: As a 1-bedroom, 1-bath unit with 669 sqft, the property offers limited living space, which may not suit buyers seeking more room or those with future family plans.
Building Age: Constructed in 1980, the building is over 40 years old. While the unit is updated, the age of the overall complex could lead to higher maintenance costs or potential special assessments for common area repairs in the future.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state